Securities code: 300130 securities abbreviation: Xgd Inc(300130) Announcement No.: 2022-002 Xgd Inc(300130)
Performance forecast for 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Expected performance of the current period
(I) performance forecast period
January 1, 2021 to December 31, 2021
(II) performance forecast
The expected net profit is positive and belongs to \uf0f0 turning loss into profit √ rising in the same direction \uf0f0 falling in the same direction
The current reporting period of the project is the same period of last year
Profit attributable to listing: 180 million yuan – 215 million yuan
Profit of shareholders: 86.5039 million yuan, net profit increased by 108.08% – 148.54% over the same period of last year
Deducting non recurring profit: 105 million yuan – 140 million yuan
Profit after profit and loss: 39.2057 million yuan, net profit increased by 167.82% – 257.09% over the same period of last year
2、 Communication with accounting firms
The relevant data of this performance forecast are the preliminary calculation results of the company’s financial department and have not been audited by an accounting firm. The company has made preliminary communication with the annual report audit accounting firm on matters related to the performance forecast, and there is no significant difference between the company and the accounting firm on the performance forecast in the reporting period.
3、 Explanation of performance change reasons
(1) Under the background of the further recovery of China’s offline real economy, the company’s main business income increased significantly during the reporting period, with a year-on-year increase of about 39%, mainly due to the significant growth of the company’s subsidiary Jialian payment Co., Ltd. (hereinafter referred to as “Jialian payment”) and the significant growth of overseas sales revenue of electronic payment terminal business. During the reporting period, the transaction flow scale handled by Jialian payment was about 1.97 trillion yuan, an increase of about 61% year-on-year.
(2) In the past year, while the company has achieved good business performance, it also faces some challenges. The tight supply of core materials in the upstream supply chain and the fluctuation of US dollar exchange rate have a certain impact on the gross profit margin of electronic payment terminal business. In terms of foreign exchange risk control, the management of the company reasonably uses forward foreign exchange hedging instruments to hedge relevant foreign exchange risks, so as to reduce the losses caused by exchange gains and losses to a certain extent. In addition, in 2021, Jialian payment will continue to increase its investment in market channels and merchant subsidies. Since this part of the subsidy amount is included in the cost at one time, it has a short-term impact on the company’s comprehensive gross profit margin during the reporting period. In the future, with the continuous increase of the number of Jialian payment merchants and the continuous improvement of the transaction flow scale, the contribution of this part of new users to the company’s operating performance will be reflected in the later stage.
(3) Considering the performance completion and future business prospects of the company’s subsidiaries Changsha Gongxin Chengfeng Information Technology Service Co., Ltd. (hereinafter referred to as “Gongxin Chengfeng”) and Zhejiang Zhongzheng Intelligent Technology Co., Ltd. (hereinafter referred to as “Zhongzheng intelligent”) during the reporting period, in accordance with the accounting standards for business enterprises No. 8 – asset impairment and relevant accounting policies, The company will conduct impairment test on Goodwill Based on the time point at the end of 2021. During the reporting period, the operating revenue and net profit realized by Gongxin Chengfeng and Zhongzheng intelligence basically met the operating performance expectations in the goodwill impairment test of the previous year. According to the preliminary calculation of the company’s financial department, it is expected that the risk of goodwill impairment accrued by the two subsidiaries in the current period is small. The amount of goodwill impairment accrued by the company in the previous year was 107 million yuan, which had a great impact on the net profit in 2020, resulting in a large increase in the net profit of the company this year compared with last year to a certain extent. The final amount of goodwill impairment will be determined after evaluation and audit by the evaluation institution and audit institution hired by the company.
(4) During the reporting period, the company expects that the non recurring profit and loss will affect the net profit attributable to the shareholders of the listed company by about 75 million yuan, mainly due to the addition and deduction of value-added tax. The amount of non recurring profit and loss in the same period of last year was 47.3 million yuan.
4、 Other relevant instructions
The performance forecast data is the preliminary calculation result of the company’s financial department. The specific financial data will be disclosed in detail in the 2021 annual report. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Xgd Inc(300130) board of directors
January 20, 2022
